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UPDATE: J.P. Morgan Lowers PT on T. Rowe Price Group to $74 (TROW)
Monday, April 25, 2011 - 8:06am | 128J.P. Morgan is out with its report today on T. Rowe Price Group (NASDAQ: TROW), lowering its PT from $76 to $74. In a note to clients, J.P. Morgan writes, "On a P/E basis, T Rowe is trading at 19.7X our 2011 estimate of $3.25. This appears rich versus 15.3X 2011 estimates for peers. However, we...
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US Stock Futures Up As Investors Await New-Home Sales Data; Silver, Gold Rise
Monday, April 25, 2011 - 6:35am | 479US stock futures are higher this morning, as investors are awaiting new-home-sales data. Futures on the Dow Jones Industrial Average gained 28 points to 12,462.00 and futures on the S&P 500 stock index rose 3.80 points to 1,334.80. Nasdaq 100 futures surged 6.25 points to 2,381.75. US stock...
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JP Morgan Lowers PT On T. Rowe Price Group To $74
Monday, April 25, 2011 - 6:00am | 29JP Morgan has lowered the price target on T. Rowe Price Group (NASDAQ: TROW) from $76 to $74 and maintains its Overweight rating.
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JP Morgan Raises PT on Janus Capital Group To $12
Monday, April 25, 2011 - 5:49am | 28JP Morgan has raised the price target on Janus Capital Group (NYSE: JNS) from $10.50 to $12 and maintains its Underweight rating.
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Earnings Scheduled For April 25 (CBE, JCI, JEC, KMB, PCL, NFLX, RGA, AMP, ESRX, SIAL, MAS)
Monday, April 25, 2011 - 1:25am | 299Cooper Industries plc (NYSE: CBE) is projected to report its Q1 EPS at $0.84 on revenue of $1.23 billion. Johnson Controls Inc (NYSE: JCI) is projected to report its Q2 EPS at $0.55 on revenue of $9.37 billion. Jacobs Engineering Group Inc (NYSE: JEC) is projected to post its FQ2 EPS at $0.63 on...
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Earnings preview for Ameriprise Financial (AMP)
Thursday, April 21, 2011 - 4:44pm | 204Ameriprise Financial (NYSE: AMP) is presenting its Q1 earnings results on Monday. Analysts will be expecting earnings per share to reach $1.33, significantly up from $0.81 a year ago. Revenues are projected to stand at $2.7bn. Ameriprise Financial provides financial planning, and products and...
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Prospect Capital Announces Increase in Revolving Credit (PSEC)
Thursday, April 21, 2011 - 3:50pm | 92Prospect Capital Corporation (NASDAQ: PSEC) today announced that Prospect has increased total commitments to the Company's three-year $400 million revolving credit facility by $40 million to $325 million in the aggregate. The Facility includes an accordion feature which allows Prospect to...
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Prospect Capital Announces Increase in Revolving Credit Facility Commitments (PSEC)
Thursday, April 21, 2011 - 3:49pm | 36Prospect Capital Corporation (NASDAQ: PSEC) today announced that Prospect has increased total commitments to the Company's three-year $400 million revolving credit facility by $40 million to $325 million in the aggregate.
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Deutsche Bank Has Buy Rating On Blackrock Following Earnings (BLK)
Thursday, April 21, 2011 - 11:39am | 172BlackRock, Inc. (NYSE: BLK) shares are higher today after reporting earnings, and Deutsche Bank is out with a research report breaking down those earnings. It has a Buy rating and a $230 price target on shares. In a note to investors, Deutsche Bank writes, "BLK reported adj EPS of $2.96 (inc $0....
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Blackstone's James Says U.s. Debt Unlikely To Be Downgraded -Bloomberg (BX)
Thursday, April 21, 2011 - 10:18am | 50Blackstone's (NYSE: BX) James says "U.S. debt unlikely to be downgraded... sees higher interest rates due to U.S. debt... business `less assaulted' by Washington... buying real estate assets at 20% to 40% below peak... sees `clear recovery' in rents and occupancy rates."
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Goldman Sachs Reiterates Buy on State Street (STT)
Thursday, April 21, 2011 - 9:12am | 108Goldman Sachs is out with its report today on State Street (NYSE: STT), reiterating Buy. In a note to clients, Goldman Sachs writes, "Trust banks remain growth-constrained, as, despite a +4% increase in 1Q AUC/A, the group's core pre-tax income was down -0.9%, pushing the overall yield on AUC/A...
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Earnings Summary: Everybody Beats, Everybody's Happy (MCD, GE, BLK, TRV, DD)
Thursday, April 21, 2011 - 8:43am | 254It's a story of earnings beats and revenue beats, which should make Wall Street happy this morning, as all the heavy hitters beat earnings this morning. General Electric (NYSE: GE) reported earnings of 33 cents per share on revenues of $38.4 billion. This compared to Wall Street estimates of 28...
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The Blackstone Group Reports Q1 EPS of $0.51 vs. $0.41; Revenues $1.2B vs. $1.04B
Thursday, April 21, 2011 - 8:31am | 22The Blackstone Group (NYSE: BX) Reports Q1 EPS of $0.51 vs. $0.41; Revenues $1.2B vs. $1.04B
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Janus Capital Reports Q1 EPS $0.21 vs. $0.20; Revenues $265.4M vs. the $267.3M Estimate (JNS)
Thursday, April 21, 2011 - 8:06am | 22Janus Capital (NYSE: JNS) Reports Q1 EPS $0.21 vs. $0.20; Revenues $265.4M vs. the $267.3M Estimate.
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UPDATE: Major Early Morning Earnings (GE, DD, TRV, BLK)
Thursday, April 21, 2011 - 7:39am | 73General Electric (NYSE: GE) reported EPS of $0.33/share versus a $0.28/share estimate. Dupont (NYSE: DD) reported EPS of $1.52 vs $1.36 estimate. Travelers (NYSE: TRV) reported $1.89 vs $1.51 estimate while raising its dividend to $0.44. Finally, Blackrock (NYSE: BLK) reported Q1 EPS of $2.96 vs. $...